in that sense, it could be an action-forcing response. in the sense of what is happening in the real economy, i think we would prefer our stock like profits, how well companies are doing, the overall state of the economy, and that these day -- and none of these day to day changes, whether a deal gets signed on. you're 30 or december 5. -- on november 30 or december 5. i do not think we to be too term. that changes if we go a few months without a deal. in that sense, these tax increases will they start to hurt everyone's paycheck, reduced consumer demand, and possibly put us in another recession. but over the short term, i do not see fears of that, even if the market drops sharply. guest: one of the things the in consumer spending. you might expect individual products to be affected pretty substantially. the other possibility is defense stocks. if the sequesters takes place, and the spending cuts start to hit, a lot of contractors will take it on the chin. the president will almost certainly isn't uniformed personnel. from the reductions.